Analytics from firms like Santiment highlighted a notable contraction in the market cap of major stablecoins, a drop of around $2.2–2.7 billion in top stablecoins like USDC and USDT. Normally, when investors sell riskier crypto assets like Bitcoin or altcoins during downturns, they park proceeds in stablecoins as “sidelines” within the ecosystem—preparing for potential re-entry
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